BidaskClub Upgrades Perry Ellis International (PERY) to Sell

Perry Ellis International (NASDAQ:PERY) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

PERY has been the topic of several other reports. Zacks Investment Research downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a research report on Saturday, September 8th. Sidoti downgraded Perry Ellis International from a “buy” rating to a “neutral” rating in a research report on Friday, June 1st. Ifs Securities downgraded Perry Ellis International from an “outperform” rating to a “market perform” rating in a research report on Friday, June 1st. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Perry Ellis International in a research report on Thursday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.33.

Shares of PERY opened at $27.51 on Thursday. The stock has a market cap of $434.59 million, a price-to-earnings ratio of 12.92 and a beta of 0.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.69 and a current ratio of 2.98. Perry Ellis International has a fifty-two week low of $21.46 and a fifty-two week high of $29.59.

Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, August 30th. The textile maker reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $199.30 million for the quarter, compared to the consensus estimate of $203.40 million. Perry Ellis International had a return on equity of 8.64% and a net margin of 5.66%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. analysts expect that Perry Ellis International will post 1.9 EPS for the current year.

In other news, insider Stanley P. Silverstein sold 12,076 shares of the firm’s stock in a transaction dated Sunday, September 9th. The stock was sold at an average price of $27.15, for a total transaction of $327,863.40. Following the sale, the insider now directly owns 61,590 shares in the company, valued at approximately $1,672,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.20% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of PERY. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Perry Ellis International during the 2nd quarter valued at about $3,322,000. Kassirer Asset Management Corp acquired a new stake in shares of Perry Ellis International during the 2nd quarter valued at about $3,040,000. Dupont Capital Management Corp acquired a new stake in shares of Perry Ellis International during the 2nd quarter valued at about $2,244,000. OppenheimerFunds Inc. grew its position in shares of Perry Ellis International by 339.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 85,661 shares of the textile maker’s stock valued at $2,328,000 after acquiring an additional 66,172 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Perry Ellis International during the 2nd quarter valued at about $1,790,000. Hedge funds and other institutional investors own 69.21% of the company’s stock.

Perry Ellis International Company Profile

Perry Ellis International, Inc designs, sources, markets, and licenses apparel products, accessories, and fragrances. It operates through four segments: Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing. It provides men's wear, including career and casual sportswear, golf apparel, sports apparel, swimwear, and activewear; and womenswear, such as dresses, sportswear, swimwear, and activewear.

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